Answer:
1. $3,59,666.66
2. $4,10,066.66
Explanation:
1. The computation of value of firm is shown below:-
As the Earning before interest and tax given remains the same, this impact that there is no growth rate in the earnings to consider.
= Earning before interest and tax × (1 - Tax) ÷ Cost of equity
= $83,000 × (1 - 0.35) ÷ (0.15)
= $53,950 ÷ 0.15
= $3,59,666.66
2. The computation of value of levered firm is shown below:-
Value of unlevered firm + Debt × Tax rate
= 3,59,666.66 + ($144,000 × 35%)
= $4,10,066.66
Answer: The labor efficiency variance for the month is closest to: $2576
Explanation:
Given:
Actual output 8,800 units
Actual direct labor-hours 1,610 hours
Actual direct labor rate $ 23.30 per hour
The labor efficiency variance for the month is computed as :
The labor rate variance = Actual hours×(Actual rate - Standard rate)
=1610 ×($23.30-$21.70)
=$2576
The correct answer would be option A, Change Agent.
After making the change in design, the pumps became lightweight and were better able to meet customers' requirements. As the Change Agent, Martin identified an opportunity, saw the project from its conception to the development of a light model pump.
Explanation:
A person who brings about change in the organization, or who influences or forces to make a change in the product or organization like organizational effectiveness, improvement or development, then this person is called as a Change Agent.
A Change agent is a person who can be from within the organization or can be from outside of the organization.
So Martin, who is an employee of the firm, and trying to sell the firm's product to the customers, identified an opportunity and told the firm to change the model of pump to get more sales. So he acted as a change agent in this example.
Learn more about Change Agent at:
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Answer: The answer is e. $215,000.
Explanation: Based on the information provided in the question, see the cash flows statement below:
XYZ Cash Flows Statement
Net income $180,000
Increase in account receivable (15,000)
Increase in accounts payable 50,000
Cash flows from operating activities $215,000
- Note that the purchase of equipment of $50,000 cash would not be considered under cash flows from operating activities but would rather be considered under cash flows from investing activities.
- Increase in accounts receivable means outflow of cash while increase in accounts payable means non-payment of debt, that is, inflow of cash.
